The 10 best US cities for millennials to save money Shawn M. Carter | @shawncarterm 8:30 AM ET Wed, 12 Sept 2018 It isn't always easy to save money, especially if you're a millennial. Young people must juggle stagnant or sinking wages with the higher costs of significant expenses like college tuition, student loans and housing prices.If you're looking to set aside more money, according to a new study from Bankrate, there's one major factor that could determine how easy, or how hard, it is for you to save: your location. Based on its data, here are the top 10 U.S. metro areas where it's easiest to save money, and where your savings would go the furthest.

Oklahoma City, OklahomaAnnual saving potential: $7,787Six-month emergency fund: $18,203Percentage of savings goal achieved: 43​To determine where it's easiest to save, the researchers used a three-step approach. First, they figured out how much you'd need in an emergency fund that could cover six months of expenses, using the cost of necessities like mortgage payments, groceries and various insurances among other expenses.Second, they took the average after-tax earnings of residents of each city and subtracted estimated annual essential expenses to get the "annual saving potential." So, your annual saving potential is your net annual income minus the annual expenses you can't live without.Third, the researchers looked at how far your saving potential could get you to achieving your emergency fund goal. "The higher the percentage," says Bankrate, "the easier it is to save."

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